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Anambra Governor Soludo Backs Single Term For Politicians, Rejects LG Autonomy

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The executive governor of Anambra State, Chukwuma Soludo on Wednesday threw his weight behind the growing calls for a single term for elected officeholders but he argued that any form of autonomy for local government areas in the country is against the tenets of true federalism.

Due to the nation’s declining revenue, the former governor of the Central Bank of Nigeria (CBN), Solomon Odunwa, advocated for a National Assembly with only one chamber.

Soludo, who served as the CBN’s governor from 2004 to 2009, delivered a speech at The Platform Nigeria, an event organised by Covenant Nation, a church in Lagos, in honour of 2024 Democracy Day.

Other speakers at the event, which had the theme “Democracy and the Free Market Economy,” included former Speaker of the House of Representatives Yakubu Dogara, former Minister of Works Babatunde Fashola, and the bishop of the Catholic Diocese of Sokoto, Matthew Hassan-Kukah.

“Sometimes, these conversations about single term might begin to make some sense so that you fix it, whether you say four years or five years, six years, seven years, single term,” Soludo said.

“So, you are not thinking about the next election once you finish getting into this. I face that all day in my state. You want to get into this (project), they say, ‘No, wait, you know you have an election’. And I say, ‘No, let’s get it, if we get there, we get there and if we lose, we lose.”

  • LG Autonomy Anti-True Federalism

There have been increased calls for local government autonomy in Nigeria. President Bola Tinubu has also supported the calls and in May the Federal Government sued the 36 state governors over alleged misconduct in the administration of Local Government Areas.

Governor Soludo, however, has a different view.

He said, “Funny enough, more recently, some people are arguing for the autonomy of local governments including some APC persons, which would take Nigeria back many decades from what a true federation is about.

“There is no federal system in the world where you have three federal units. The counties in America where we copied (democracy), their local governments don’t go to the centre to collect money directly.

“Each state must have the power to design the kind of local government system they want. That is what true federalism is about.”

Soludo said the Federal Government should give some of the responsibilities in the Exclusive List to sub-nationals.

“We need to tinker with the fiscal powers of the federal and state governments, devolve much of the responsibilities under the Exclusive List to the states, and at about 60 to 65 percent of the revenues to the states, with each deciding on the local system to adopt.

“Why not consolidate the National Assembly into one with no more than five representatives per state? We don’t need a National Assembly costing over N300bn yearly to maintain. We don’t need it,” he said.

  • Tinubu Should Clear Economic Mess

The Anambra governor admitted that President Bola Ahmed Tinubu did not cause the country’s economic problems. Rather, he believes that Nigeria is feeling the effects of poor actions and inactions of administrations since 1999.

“We are now suffering the consequences of delayed adjustments,” he said, adding that Tinubu has “the historic duty to mobilise Nigerians to clean up the mess for future generations.

“Nigeria faces fiscal quagmire and even technical solvency problems. Debt has piled to a level that leaves little headroom for more borrowing albeit at a very high cost. Yet, the needs of the citizens keep increasing in geometric proportion by the day.”

The governor warned that printing more money would lead to spiraling inflation.

“We are in a bind and must get out of it,” he said.

BIG STORY

Federal Government Earmarks N827bn For Education Infrastructure In 2025 Budget

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Nigeria’s President, Asiwaju Bola Ahmed Tinubu, has announced that the Federal Government has disbursed a total of N34bn in loans to students studying at tertiary institutions across the country through the “Nigeria Education Loan Fund.”

The President made this statement on Wednesday while presenting the N49.7tn 2025 budget estimates to a joint session of the National Assembly. He also highlighted that the government has allocated N826bn for infrastructure development in the education sector for the 2025 fiscal year.

He stated, “Our administration has so far disbursed N34bn to over 300,000 students via the Nigeria Education Loan Fund.”

“In the 2025 budget, we have made provision for N826.90bn for infrastructure development in the educational sector. This provision also includes those for the Universal Basic Education and the nine new higher educational institutions.”

He continued, “We are convinced that Universal Health Coverage initiatives will strengthen primary healthcare systems across Nigeria. In this way, we have allocated N402bn for infrastructure investments in the health sector in the 2025 budget and another N282.65bn for the Basic Health Care Fund.”

“Our hospitals will be revitalised with medication and better resources, ensuring quality care for all Nigerians.”

“This is consistent with the Federal Government’s planned procurement of essential drugs for distribution to public healthcare facilities nationwide, improving healthcare access and reducing medical import dependency.”

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BIG STORY

President Tinubu Targets N1,500 Per Dollar Rate In 2025 Budget Goals

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Nigeria’s President, Asiwaju Bola Ahmed Tinubu, on Wednesday, stated that the Federal Government aims to stabilise the exchange rate at N1,500 to the dollar to ensure the smooth implementation of the 2025 budget.

This marks a reduction of about N200 from the current rate of N1,700 to a dollar.

President Tinubu made this known while presenting the 2025 Appropriation Bill to a joint session of the 11th National Assembly in Abuja.

“The budget projects that inflation will decline from the current rate of 34.6% to 15% next year, while the exchange rate will improve from approximately N1,700 per dollar to N1,500. The base crude oil production assumption is set at 2.06 million barrels per day”, he said.

“The projections are based on the following observations: reducing the importation of petroleum products, increasing exports of refined petroleum”. He added.

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BIG STORY

JUST IN: 32 Reportedly Die In Ibadan Children Programme Stampede

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At least 32 people have tragically lost their lives during a stampede at a children’s carnival in Ibadan, the Oyo State capital, in the early hours of Wednesday.

A statement from the Commissioner for Information and Orientation, Prince Dotun Oyelade, revealed that the stampede occurred at a private children’s funfair at Islamic High School, Basorun, resulting in the deaths of 32 people, mostly children, with some others sustaining injuries.

He mentioned that the state government promptly deployed a rapid response team to the site following the incident.

The commissioner confirmed that the victims have been transported to various hospitals across Ibadan for medical treatment.

While thanking the Commissioner for Health, Dr. Oluwaserimi Ajetunmobi, for quickly activating all available response teams to assist at the scene, Oyelade emphasized that the state government will do everything possible to support the victims of the stampede during this difficult time.

He noted that the sate government was not involved in the planning of the carnival, adding that the Ministry of Health was also not carried along in the organisation of the private end of the year children funfair.

Oyelade emphasised the importance of proper coordination when organising events of such magnitude, especially those involving children and elders.

“We are currently awaiting a detailed report from the Commissioner of Police to clarify the total number of victims involved in this unfortunate incident,” he said.

The commissioner urged parents who are concerned about the whereabouts of their children to check the following medical facilities in Ibadan where affected children were taken for proper medical attention, with a valid means of identification:

  • Patnas Hospital, Basorun
  • Western Hospital, Basorun
  • Ringroad State Hospital
  • Molly Specialist Hospital
  • University College Hospital (UCH)

“Oyo State Government extends its deepest sympathies to the families affected by this tragedy while also urging the public to remain calm and cooperative as relevant pieces of information are gathered and necessary supports arranged for the victims,” he added.

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